The Platts Global Power Markets™ Conference connects the power industry at the Wynn Hotel in Las Vegas, from April 17-19. Schedule a meeting with our ESAI Team at the conference to learn how we can help you make better investment decisions. Our Tom Bausemer and Brian Doyle will be attending the event and if you are interested in meeting up with them to discuss our wholesale power market research reports, please fill out the form to the right.
ESAI Power is seeking candidates for analyst positions to support our growing market research and consulting practice. Successful candidates will have a degree in Economics, Mathematics, Finance, Statistics, Energy & Environmental Policy, or Power Systems Engineering, and/or 3-4 years of relevant experience. A sincere interest in the electricity industry, renewable energy, & environmental issues, along with an understanding of economics, excellent analytical, writing & presentation skills are essential.
ESAI Power is seeking a candidate for a Senior Research Manager position to support our growing market data and analytics business. Successful candidates will have a degree in Economics, Mathematics, Finance, Statistics, Energy & Environmental Policy, or Power Systems Engineering, and 4+ years relevant power markets experience. A sincere interest in the electricity industry, renewable energy issues, capacity and carbon markets along with an understanding of economics, excellent analytical, report writing & presentation skills are critical.
The most recent RGGI quarterly auction (Auction 59) was held on March 8, 2023. The clearing price was $12.50/ton, 3.8% lower than the clearing price of $12.99/ton on December 7, 2022 (see Figure 1). Auction 59 represents the third consecutive auction with a clearing price at least three percent lower than the previous auction. The trend of lower clearing prices in recent auctions is notable given that clearing prices had increased in 12 consecutive auctions from September 2019 through June 2022.
Ethan Howland reports in Utility Dive that in a move that could add to regulatory requirements for coal-fired power plants, the Environmental Protection Agency on Friday proposed tightening the primary annual air quality standard for fine particulate matter, called PM 2.5, to a range of 9 micrograms per cubic meter to 10 µg/m3 from 12 µg/m3. Coal plants owners in nonattaintment areas for a revised standard will have to meet requirements outlined in any approved state plans for meeting the federal PM 2.5 limit, according to Julia Criscuolo, ESAI Power manager of renewables and emissions.
The most recent RGGI quarterly auction (Auction 58) was held on December 7, 2022. The clearing price was $12.99/ton, three percent lower than the clearing price of $13.45/ton on September 7, 2022 (see Figure 1). Auction 58 represents the second consecutive auction with a clearing price lower than the previous auction, with both Auctions 57 and 58 clearing 3 percent below previous auction clearing prices.
The Central East Interface is one of New York’s most congested corridors, enabling Upstate generation to serve the robust load levels Downstate. Congestion on the interface and the Zone F/Zone E basis spread has increased significantly in the past 1.5 years as a result of construction on the Central East Energy Connect, one of the two projects under the AC Transmission Upgrades PPTN. In addition to construction-associated outages, higher delivered gas prices in eastern New York have contributed to increased congestion.
The most recent RGGI quarterly auction (Auction 57) was held on September 7, 2022. The clearing price was $13.45/ton, three percent lower than the clearing price of $13.90/ton on June 1, 2022 (see Figure 1). Although the clearing price was only $0.45/ton lower than the most recent auction, Auction 57 marks the first time since Auction 45 in September 2019 that the clearing price has declined from the previous auction.